Price is rising towards the pivot and could reverse from this level to the pullback support. Pivot: 80.90 1st Support: 77.51 1st Resistance: 83.24 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please...
The EURUSD pair isn't diverging from our original plan (June 04 idea, see chart below) and is extending the new Bearish Leg of the 6-month Channel Down: Today it tested the 4H MA50 (blue trend-line) of a counter-trend rebound, which has take place during both previous Bearish Legs. The 1st time was +1.12% and the 2nd +1.50% that even broke above the 4H MA200...
Hey Traders, in today's trading session we are monitoring EURUSD for a buying opportunity around 1.06000 zone, EURUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.06000 support and resistance area. Trade safe, Joe.
The recent price action shows a push towards a resistance zone, indicating potential exhaustion or a reversal point. The shaded area marks a significant resistance zone around the 157.700 - 158.000 levels. This zone has been tested multiple times and has held as a strong supply area. Immediate support can be identified around the 156.500 level, which aligns with...
Hey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.60800 zone, NZDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.60800 support and resistance area. Trade safe, Joe.
Hello Traders, In today's trading session, we are closely monitoring AUD/USD for a potential buying opportunity around the 0.66100 zone. AUD/USD is currently trading in an uptrend and is in a correction phase, bringing it closer to the key support and resistance area at 0.66100. This level has historically served as a significant pivot point for price action,...
The USD/JPY pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Wedge Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position below The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around...
The EURUSD pair is displaying bearish momentum as it consolidates beneath the recent support level, which has now turned into resistance. This pattern indicates that the pair is likely to continue its downward trajectory. The current consolidation phase under the broken support zone suggests a potential move towards the previous spike breakeven area. Traders...
USD/JPY is reacting off a resistance level which is a pullback resistance and could reverse from this level to our take profit. Entry: 157.72 Why we like it: There is a pullback resistance level. Stop loss: 158.48 Why we like it: There is a resistance level at the 161.8% Fibonacci extension. Take profit: 155.79 Why we like it: There is a pullback support level...
The Aussie (AUD/USD) is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support. Pivot: 0.6641 1st Support: 0.6577 1st Resistance: 0.6675 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs...
DOG/USD is currently at a support level which is a pullback support and could potentially rise from this level to our take profit. Entry: 0.1198 Why we like it: There is a pullback support level> Stop loss: 0.1058 Why we like it: There is a pullback support level. Take profit: 0.1356 Why we like it: There is a pullback resistance level which lines up with the...
NZD/USD has just bounced off the support level which is a pullback support and could rise from this level to our take profit. Entry: 0.6101 Why we like it: There is a pullback support level. Stop loss: 0.6048 There is a pullback support level that lines up with the 138.2% Fibonacci extension. Take profit: 0.6169 Why we like it: There is an overlap resistance...
Technical Analysis: Gold The price will consolidated between the 2321 and 2302 zones. Current Outlook: The trend appears bearish for today, as the price has stabilized below 2321. As long as it remains under 2321, it is expected to touch 2302, and under it will get 2292 Bullish Scenario: For a bullish trend to be activated, the price must break through...
Price is rising towards a resistance level which is a pullback resistance that lines up with the 23.6% Fibonacci retracement and could reverse from this level to our take profit. Entry: 140.47 Why we like it: There is a pullback resistance level that aligns with the 23.6% Fibonacci retracement. Stop loss: 151.74 There is a pullback resistance level which aligns...
BTC/USD has broken out of thee support level which is an overlap support an could fall to our take profit. Entry: 65,131.25 Why we like it: There is an overlap support level. Stop loss: 67,294.57 Why we like it: There is an overlap resistance level. Take profit: 63,099.45 Why we like it: There is a pullback support level which lines up with the 161.8% Fibonacci...
USD/CHF is falling towards the pivot and could bounce to the pullback resistance. Pivot: 0.8883 1st Support: 0.8840 1st Resistance: 0.8983 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure...
XAG/USD is rising towards a resistance level which is an overlap resistance that is slightly below the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 29.91 Why we like it: There is an overlap resistance level which is slightly below the 50% Fibonacci retracement. Stop loss: 30.88 Why we like it: There is an overlap...
The USDHKD pair has been giving us excellent trades in the past 12 months and the latest (April 18, see chart below) almost hit our 7.79500 Target about 3 weeks ago: With the price approaching yet again the 11-month Support Zone, there is no reason to diverge from this successful pattern. Right now by being so close to the Support Zone, the R/R ratio favors...